Forex Trend Analysis Report
Prepared for you on Sunday, September 15, 2019.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDIQD
The long term trend has been UP since Jun 17th, 2019 at 1199.20
The intermediate term trend has been UP since Sep 1st, 2019 at 1197.80
The short term trend has been DOWN since Sep 9th, 2019 at 1193.35
Smart Scan Analysis for USDIQD
Based on a pre-defined weighted trend formula for chart analysis, USDIQD scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend).